{ "media_type": "text", "post_content": "What's the minimum salary you'd be comfortable living in NYC? Those who live there, are you financially comfortable with what you make? Considering a move. Thanks.", "post_id": "5b063f912d430645ef5c62f4", "reply_count": 9, "vote_count": 3, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance" }

What's the minimum salary you'd be comfortable living in NYC? Those who live there, are you financially comfortable with what you make? Considering a move. Thanks.

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^ $100 in alcohol per month? That's like 4 drinks at some bars here

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Food (including coffee/beast/lunch/dinner) in nyc is ~$30 a day unless you want to eat McDonald’s everyday. 30x365= ~$11k Rent (studio) is 3k/month or 36k a year Rent (w roomies) is 1.5k/month or $18k a year 2-3 trips (domestic and/or inter) is ~$3k+ Utilities ~1.2k a year Alcohol (assuming $100 per month) Is ~$1.2k a year Transportation (purely MTA) is $1.5k a year So if u have roomies, you’re looking at ~$36k of expenses. No roomies = ~$54k. This is post tax income that you’ll need.

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Level of comfort is completely subjective and also depends on where you are at in life and how high maintenance you are. I am making between 75-85k and would say that I am comfortable (I am single) although I am obviously looking forward to making more $

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At age 30, I wouldn’t live here for less than $250k all in. I have significant student loan debt though

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I’m a girl. But yes for guys, you need more for alcohol!!!

funny

I made it work on 75k pretty easily when I was first starting. Lived alone in an outer borough (40 min commute), cooked a lot of meals at home, took it easy on the eating out and drinking. It’s definitely doable with the right amount of discipline and if you set your expectations accordingly.

uplifting

Yea but I feel like most ppl who want to move to nyc would also want to experience the nightlife / restaurants / etc.

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Yeah your booze budgeting is not accurate - it’s always nice making more but even at an analyst salary... I still feel like you should be somewhat budgeting

Without roommates you’d prob need a minimum of $75k. That would be pretty tight but prob doable

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